Letters

Banks should lend to agric sector

Published by

FOR the country to get out of the economic mess it finds itself, then there is need for massive investments in agribusiness.

However, one of the biggest problems facing agriculture in Nigeria is the lack of support from financial institutions.

Banks will not willingly lend to agribusiness, and when they do, the loans come in double digits, which is not fair enough.

Nigerian agribusiness operators need the support of the banks to prosper, and I hope with the fall in oil price, banks can focus its attention on agriculture.

  • Nugwa James,

ojonugwajameson@yahoo.co.uk

Recent Posts

ICPC, stakeholders join NELFUND to promote transparent, inclusive student loan programme

Sawyerr called on stakeholders to actively engage in joint oversight, risk assessments, and public enlightenment…

1 minute ago

BREAKING: Again, Dangote Refinery slashes petrol price to N825/litre

The Dangote Petroleum Refinery has again slashed the gantry price of Premium Motor Spirit (PMS),…

14 minutes ago

Gov Bala mourns Bauchi council boss, Tumfafi

The Bauchi State Government has announced the demise of Alhaji Wali Adamu Tumfafi, acting chairperson…

16 minutes ago

‘No president has invested in agric like Tinubu’

“Without allowing local governments to have autonomy, we cannot address poverty or employment in Nigeria.…

2 hours ago

Defections: We’ll soon receive you into APC, Ganduje replies Sule Lamido

National Chairman of the All Progressives Congress (APC), Abdullahi Umar Ganduje, has dismissed defection rumours…

2 hours ago

BREAKING: ASUU elects new leaders as Osodeke’s tenure ends

The Academic Staff Union of Universities (ASUU) has elected new national

2 hours ago

Welcome

Install

This website uses cookies.